US Steel import permits decline 29.2% in October: AISI
WASHINGTON (Scrap Register): United States steel import permit applications for the month of October totaled 2,560,000 net tons (NT). This was a 29.2% increase from the 1,982,000 permit tons recorded in September and a 34.6% increase from the September final imports total of 1,902,000, the American Iron and Steel Institute (AISI) said in its latest report based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data.
Import permit tonnage for finished steel in October was 1,519,000, down 0.9% from the final imports total of 1,532,000 in September. For the first ten months of 2019 (including October SIMA permits and September final imports), total and finished steel imports were 25,152,000 NT and 18,384,000 NT, down 14.6% and 16.8%, respectively, from the same period in 2018. The estimated finished steel import market share in October was 17% and is 20% year-to-date (YTD).
Finished steel imports with large increases in October permits vs. the September final imports included light shapes bars (up 81%), black plate (up 44%), wire rods (up 35%), sheets and strip hot dipped galvanized (up 20%), mechanical tubing (up 19%), tin plate (up 17%) and hot rolled bars (up 14%). Products with significant year-to date (YTD) increases vs. the same period in 2018 include black plate (up 109%), steel piling (up 44%) and tin free steel (up 25%).
In October, the largest finished steel import permit applications for offshore countries were for South Korea (186,000 NT, up 18% from September final), Germany (86,000 NT, up 33%), Japan (82,000 NT, up 15%), Brazil (67,000 NT, up 74%) and The Netherlands (54,000 NT, up 38%). Through the first ten months of 2019, the largest offshore suppliers were South Korea (2,235,000 NT, down 10% from the same period last year), Japan (1,098,000 NT, down 6%) and Germany (917,000 NT, down 17%).